05 Mar 2024

In the Data-Driven Age: Should You Build or Buy Your Way to Success?

In today’s data-driven business world, companies, regardless of size, find themselves increasingly dependent on data platforms for storing, managing, and analysing crucial information. As the shift towards Cloud-based solutions accelerates, making informed decisions on how to effectively manage these platforms is becoming a pivotal challenge.

Facing the Challenge Head-On

Here are just some of the challenges businesses face, leading them to reconsider how they deliver data platform services:

  • Finding Talent: Establishing a team capable of providing round-the-clock support for business-critical, cloud-based data platforms can be daunting. Staffing a team with a minimum of three engineers to cover work time, holidays, sickness, and training is both a logistical and financial challenge.
  • Legacy to Cloud Migration: Transitioning from an on-premise data solution to a cloud-based service often means that existing engineers lack the necessary skills and experience. With time being of the essence, this gap presents a critical hurdle.
  • Balancing cost and performance: Businesses are tightening their belts. They face the challenge of managing their budgets to cover personnel, software licenses, and infrastructure. Meanwhile, there’s an increasing demand for enhanced analytics and AI-driven services.

Exploring Solutions

Our Mini series dives into these dilemmas, presenting two main approaches:

  • Build: The traditional route. Rely on hiring in-house engineers to manage your data platform environment, a solution that offers control but comes with its own set of challenges.
  • Buy: The emergence of Data Platform Managed Services presents a compelling alternative, offering flexibility, expertise, and potential cost savings.

Series Highlights

  • Understanding Costs and Considerations: We break down the financial and logistical aspects of building an in-house team versus outsourcing to a Managed Services provider.
  • The Benefits of Managed Services: From access to expert knowledge to significant cost reductions, we explore the advantages of this modern approach.
  • Transitioning to Managed Services: Choosing a provider and practical steps and strategies for a seamless shift to a Managed Services solution, guaranteeing an efficient migration.

Read the next instalment and discover how to optimise your data management strategy for growth and innovation.

Questions? Contact our experts